Friday, April 27, 2012

EU, IMF: Ireland on track with deficit cuts

Shoppers pass by the many discount shops of North Earl Street in Dublin on Thursday, April 26, 2012. Ireland's economy has suffered four straight years of falling property prices and consumer spending in the face of rising taxes, unemployment and emigration. The European Union and International Monetary Fund said Thursday that Ireland's government must keep cutting its spending overall but do more to create jobs and stimulate the economy. (AP Photo/Shawn Pogatchnik)Ireland is successfully cutting its deficits, bolstering its banks and pursuing job-creation strategies, its international bailout creditors said Thursday as they signaled support for a further round of loans.


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